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Issue:

Business

 

Written by:

Leland S

 

Date added:

October 19, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 865

 

Was viewed:

432 times

 

Rating of current essay:

 
Essay content:

It is obliged by Constitution and statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth. o Price stability is an important condition for growth and prosperity...
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Inflation and deflation are inhibiting factors for the decisions of consumers and producers; they disrupt economic activity and put the economically weak at a disadvantage. The National Bank equates price stability with a rise in the national consumer price index of less than 2% per annum. Monetary policy decisions are made on the basis of an inflation forecast and implemented by steering the three-month Libor...
displayed 300 characters

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